AuraBlocks introduces Blockchain to credit system

Blockchain AuraBlocks, a consulting company, confirmed that it used the Oracle Blockchain Cloud Service for an advanced credit system
04 December 2017   663

The lending system has always had a shortcoming because of financial accountability, which is why creditors faced high transaction costs that were spent on maintaining the system.

With the introduction of the blockchain system, which introduced even more transparency due to decentralization and increased protection against malicious software, it has also been used in the credit sector.

According to Kieran Murthy, technical director of Aurablocks, the Oracle Blockchain Cloud Service was created on the basis of The REST API and Hyperledger Fabric 1.0, which provides ease of integration. Previously, processing of all the data took about two weeks, now it takes only a couple of hours.

Oracle Blockchain Cloud Service on the way to creating an ideal operating scheme that will protect creditors from fraud. This solution will attract more deals and improve the quality of consolidation accounts.

According to calculations by Venkatesh Bala, the main specialist in Biz2Credit issues, AuraBlocks technology will be able to cut costs for data processing by 25%, which is $ 1 billion.

Testing the idea from Aurablocks demonstrated how blockchain technology can contribute to business optimization. Thus, lower operating costs will result in low rates offered to lenders.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   408

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.